Keith Bowman News
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U.K. stocks climbed for a fourth day, sending the FTSE 100 Index to the highest level in more than 4 1/2 years, as companies from Tullow Oil Plc to Reckitt Benckiser Group Plc rallied after reporting earnings.
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U.K. stocks climbed, sending the benchmark FTSE 100 Index to a three-week high, amid optimism U.S. lawmakers will reach an agreement on budget talks to avert the fiscal cliff.
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U.K. stocks rallied to a six-week high, led by mining companies, on speculation China will increase stimulus to support growth in the world’s second- largest economy.
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Greggs Plc , the U.K.’s biggest bakery chain, said full-year profit climbed 10 percent as more customers bought Fairtrade coffee and breakfast meal deals.
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The euro strengthened, rebounding from a four-day losing streak, as polls showed Greece’s pro- bailout parties gained ground. European stocks erased gains, Spanish bonds declined and yields on German two-year notes fell to a record low.
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European stocks rose the most in a week after reports on U.S durable-goods orders and pending home sales beat estimates and speculation mounted that China will introduce additional economic stimulus.
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U.K. stocks tumbled by the most in two weeks as concern about slowing growth in China, the world’s second-biggest economy, sparked a selloff in metal producers.
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European stocks fell as a decline in Barclays Plc and a sell-off in basic-resource shares overshadowed optimism that a bailout for Greece is imminent.
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European stocks were little changed, following last week’s rally for the region’s equity benchmark, as a selloff in banks offset Greek opinion polls that eased concern the country will leave the euro.
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European stocks advanced for a fifth day, the longest winning streak in three months, as News Corp. offered to buy British Sky Broadcasting Plc, offsetting a plunge in German investor confidence and a rating downgrade for Greece.
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